Warburg Pincus group a finalist for GLP

July 05, 2017

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Logistics | Singapore

Global Logistics Properties (SI: MCO) has narrowed its list of potential acquirers to a consortium led by Warburg Pincus and a group headed by Chinese private equity firms Hopu Investment Management and Hillhouse Capital Group, according to various reports. GLP owns and operates a $41 billion portfolio of industrial assets in China, Japan, Brazil and the US and could be valued at $10 billion, per Reuters. Sovereign wealth fund GIC owns a 37% stake in the company.